Sequans Communications (NYSE:SQNS) Coverage Initiated at StockNews.com

Equities researchers at StockNews.com began coverage on shares of Sequans Communications (NYSE:SQNS) in a research report issued to clients and investors on Sunday. The firm set a “sell” rating on the semiconductor company’s stock.

Separately, Roth Mkm restated a “buy” rating and set a $3.00 price objective on shares of Sequans Communications in a research report on Monday, August 26th.

Sequans Communications Stock Performance

SQNS opened at $1.00 on Friday. The business’s 50-day simple moving average is $0.74 and its 200-day simple moving average is $0.61. The company has a market cap of $61.80 million, a P/E ratio of -1.26 and a beta of 0.24. Sequans Communications has a one year low of $0.34 and a one year high of $2.97.

Institutional Investors Weigh In On Sequans Communications

Several institutional investors have recently made changes to their positions in the stock. Bardin Hill Management Partners LP purchased a new position in shares of Sequans Communications in the 4th quarter valued at about $2,497,000. Vazirani Asset Management LLC purchased a new position in Sequans Communications in the fourth quarter valued at about $1,840,000. Finally, Black Maple Capital Management LP purchased a new position in Sequans Communications in the fourth quarter valued at about $43,000. 63.33% of the stock is currently owned by hedge funds and other institutional investors.

About Sequans Communications

Sequans Communications SA engages in the fabless designing, developing, and supplying of cellular semiconductor solutions for massive and broadband Internet of Things (IoT) markets in Taiwan, Korea, China, rest of Asia, Germany, the United States, and internationally. It offers baseband solutions for use in encoding and decoding data based on 4G and 5G protocols for wireless processing platform for a cellular device; RF transceivers used to transmit and receive wireless transmissions; highly integrated SoC solutions that combine various functions into a single die or package; and LTE modules.